Why is Mach Conferences falling/rising?

As of 04-Jul, Mach Conferences & Events Ltd is experiencing a decline in its stock price, currently at Rs 147.95, reflecting a decrease of Rs 2.25 or 1.5%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 5.88% during this period. Today's trading saw the stock touch an intraday low of Rs 147, and it has been trading in a narrow range of Rs 1.4. Additionally, the stock's delivery volume has significantly decreased by 72.22% compared to the five-day average, indicating falling investor participation. The stock has shown mixed performance in comparison to the benchmark, with a year-to-date decline of 36.26% against the Sensex's increase of 6.77%.
In the broader market context, the stock's short-term performance over the past week shows a gain of 4.67%, while the Sensex has experienced a slight decline of 0.74%. However, despite this recent uptick, the overall year-to-date performance remains significantly negative for Mach Conferences, suggesting underlying challenges that may be affecting investor sentiment. The stock's moving averages indicate that it is currently below the 50-day, 100-day, and 200-day moving averages, which may further contribute to a bearish outlook among investors. Overall, the combination of declining participation and negative returns over a longer period highlights the difficulties faced by the company in the current market environment.